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Reader Opinion: Student loans

There are millions of people out there who did borrow money for college and lived up to their part of the bargain and did the honorable thing and paid it back.

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To those who want the government to forgive your student loans, I say this. There are out there, in our society, millions of people who wanted to go to college but didn’t because they did not want the debt load that they knew would come with it. They also knew they would have trouble paying it back. Had they known that there was not going to be any debt load and they didn’t have to pay it back, they may have chosen a different course. Now they — through their hard-earned paid taxes — will have to pay for your loans.

There are millions of people out there who did borrow money for college and lived up to their part of the bargain and did the honorable thing and paid it back. Will they be able to recoup this money? After all, fair is fair, or at least it’s supposed to be.

To the borrowers, did you or did you not sign papers to borrow this money? If this is the way you manage your financial commitments, I question how you will handle other debts in your life. What’s next? Forgive my credit card debt?

There is also the problem of you asking for debt forgiveness from an entity that borrows a good share of its money from the taxpayers to start with, with little chance of ever paying it back. Our national debt will never be paid off and that’s a given. Our children and grandchildren will carry that burden of debt all of their lives. Pay your own bills.

To those politicians who want to see this loan forgiveness happen in Congress, quit trying to buy your votes and get elected honestly.

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Mike Holst

Crosslake

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